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Irrevocable Trust

 - 3 dictionary results
U.S. Trust
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Family Trusts
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irrevocable trust
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Financial Dictionary

Irrevocable Trust

A trust that, once its setup, cannot be changed at all.

Investopedia Commentary

This is to prevent fraudulent activities.

See also: Exemption Trust, Trust, Unit Trust

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
Cite This Source
U.S. Trust
Offering One on One Guidance To Effectively Manage Your Assets.
USTrust.BankofAmerica.com
Family Trusts
Protect Your Family and Assets Call Today For A Free Consultation
www.AssetProtectionLaw.com
Financial Dictionary

irrevocable trust

A trust in which the grantor gives up any right to amendments or termination. Income from an irrevocable trust is taxable to the beneficiary if disbursed or to the trust if not disbursed. Compare revocable trust.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: irrevocable trust
see TRUST
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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irrevocable trust
Experienced Orange County Attorney Specializing In Trusts & Estates
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Estate Planning Lawyers
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www.ocEstatePlanning.net
Living Revocable Trusts
Get a free DVD and information on living revocable trusts
www.LivingRevocableTrustsOnline.com
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